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Private

Home Equity loans

Mortgage loan and loan to private individual (subject to real estate pledge)
Annual interest rate fixed on individual basis
Contract fee:
  • loan issuance
  • increase in loan amount
0.5 percent of the loan amount, min EUR 250
Commitment fee 0.4 percent per year of the undisbursed loan amount
Fee for a consent to provide a second ranking pledge of property to another creditor EUR 150
Amendment to terms and conditions of a loan agreement in case of: If variable interest rate is applied: If fixed interest is applied:
  • a change of fixed interest rate with variable interest rate and vice versa
  • a change of variable interest period
  • a change of loan currency

1.5 percent of outstanding loan, at least EUR 250
year(s) until expiry of fixed interest rate period percent of outstanding loan,
at least EUR 250
up to 5 year (inclusive) 1.5
6–10 (inclusive) 3
  • a change of variable interest rate margin or fixed interest rate

1 % of outstanding loan (min. EUR 250)
Other amendments to the terms and conditions of the loan agreement EUR 250
Loan deferment free of charge
Prepayment fee

On the variable interest adjustment date

not applied

On any other date

the fee established in acts of law (The Rules for Calculation of Compensation), however not exceeding 3 percent of the loan being prepaid or any portion hereof.
Other services
Documentation related to a credit agreement: certifications, official letters, consents, permissions, approvals EUR 30.00
Uninsured Collateral Administration Fee (applied if a collateral is a residential real estate object) EUR 20.00 per month
The fee is charged if the collateral is not insured for more than 30 days

 

Typical example for calculating annual percentage rate

If a loan of EUR 50,000 secured by real estate collateral is granted for the period of 25 years and 300 loan instalments based on the annuity method will be made, the total amount to be paid by such borrower will make EUR 72,074.28, monthly instalment – EUR 234.51. The annual percentage rate will make 3,182 per cent. Annual percentage rate showing the total cost of a loan is calculated by including the below instalments made within the entire loan period:

  • 2.90 per cent variable interest
  • EUR 250 agreement fee and one-off transfer fee of EUR 5
  • EUR 31.28 mortgage (pledge) registration fee
  • EUR 0.70 per month minimum fee for main banking services
  • EUR 49 dwelling insurance annual premium

Note. Property valuation costs are not included.

Annual percentage rate and the total amount to be paid by the borrower are calculated considering that the loan is disbursed on the agreement signature date and that the terms of the agreement, interest rate and fees do not change within the entire loan period, and the terms and conditions of the agreement are timely implemented. If you fail to fulfil or unduly fulfil the terms of the loan agreement, the risk exists that you may be deprived of the ownership right to the pledged real estate. The mortgaged real estate must be insured in favour of the bank during the entire loan period.

 

Contact

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